Patricia Ann Barron Power - 04 Aug 2023 Form 4 Insider Report for SKYX Platforms Corp. (SKYX)

Role
Chief Operations Officer
Signature
/s/ Patricia Ann Barron
Issuer symbol
SKYX
Transactions as of
04 Aug 2023
Net transactions value
-$26,385
Form type
4
Filing time
09 Aug 2023, 16:48:40 UTC
Previous filing
09 Feb 2022
Next filing
06 Aug 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKYX Common Stock, no par value Award $0 +100,000 +100% $0.000000 200,000 04 Aug 2023 Direct F1
transaction SKYX Common Stock, no par value Tax liability $26,385 -12,159 -6.1% $2.17 187,841 04 Aug 2023 Direct F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SKYX Stock Option (right to buy) Award $0 +100,000 $0.000000 100,000 04 Aug 2023 Common Stock, no par value 100,000 $2.08 Direct F2
holding SKYX Stock Option (right to buy) 200,000 04 Aug 2023 Common Stock, no par value 200,000 $0.6000 Direct
holding SKYX Stock Option (right to buy) 150,000 04 Aug 2023 Common Stock, no par value 150,000 $1.20 Direct
holding SKYX Stock Option (right to buy) 150,000 04 Aug 2023 Common Stock, no par value 150,000 $1.80 Direct
holding SKYX Stock Option (right to buy) 50,000 04 Aug 2023 Common Stock, no par value 50,000 $3.00 Direct
holding SKYX Stock Option (right to buy) 50,000 04 Aug 2023 Common Stock, no par value 50,000 $4.00 Direct
holding SKYX Stock Option (right to buy) 100,000 04 Aug 2023 Common Stock, no par value 100,000 $6.00 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the issuer's common stock. The RSUs vest in four equal annual installments, beginning on August 4, 2023, the date of grant, subject to continued employment through the vesting date.
F2 Options vest in four equal annual installments, beginning on August 4, 2023, the date of grant, subject to continued employment through the vesting date.
F3 The reporting person has elected to satisfy her tax withholding obligation in connection with the vesting of RSUs by directing the issuer to withhold shares otherwise issuable upon vesting of the grant.
F4 Includes 75,000 RSUs, which will vest in equal annual installments on each of August 4, 2024, 2025 and 2026.